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World

VERBATIM: IMF say brexit is 'bad to very bad'

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Opening sequence

World

VERBATIM: IMF say brexit is 'bad to very bad'

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COMING UP:VERBATIM: IMF say brexit is 'bad to very bad'

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Transcript

00:00:00
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MUSIC]
00:00:05
And the IMF are cleared that even the prospects of a leave vote is already having an impact on investment and hiring decisions and weighing on the economic growth in the UK. But the fund are also clear, that this could be a mere taste of things to come if we vote to leave.
00:00:22
>> The majority of economic analysis that has been conducted agree that a vote to depart the EU would be costly in the long run, even after this uncertainty has been resolved. And in the short term, there is also a risk of an adverse market reaction to Aleve vote and depending what hypotheticals you take is going to be pretty bad to very, very bad, so that's what we see.